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by linuxftw 2429 days ago
> For those that aren't aware typical rent in NYC on a corner lot for a restaurant is about 18k per month

The reason the rent is so high is because market conditions are allowing money that should be going towards labor to go towards rent. If there aren't 1000k small restaurants paying minimum wage, demand for space goes down, rent goes down, possibly to the point that being a landlord is no longer profitable.